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Benzinga
Benzinga
Business
Adam Eckert

Why Nio Stock Is Sliding Today

NIO Nio Inc NYSE

NIO Inc (NYSE:NIO) shares are trading lower Thursday after the company reported financial results and issued guidance below analyst estimates.

Nio said first-quarter revenue increased 24.2% year-over-year to $1.56 billion, which beat the estimate of $1.49 billion, according to data from Benzinga Pro. The EV company reported a quarterly earnings loss of 13 cents per share. 

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